Commercial Plot 1417 m²
- Reference number: 38976
- Land type: Plot
- Plot area: 1417 m²
- Plot Type: Commercial
- Square meter price: €1.941 /m²
• Location: Prime mixed-use land for sale in Nicosia, ideally situated opposite Nicosia Municipal National Park and the Venetian walls, near the National Theater and New Cyprus Museum.
• Land Size: 1,417 sq.m. with immense development potential in a central and vibrant area.
• Development Potential: Suitable for residential, commercial, and cultural projects, including:
o Hotels
o Office buildings (ideal for business headquarters or law firms)
o Medical centers
o University
o Student accommodation
o Shopping centers
o High end residences
• Building Specifications:
o Building Density: 200%
o Coverage Allowance: 60%
o Floor Allowance: 8
o Building Zone: EΖ-δ
• Incentives for Large Plots:
o Plots over 1,000 sq.m on roads with at least 14 meters width may qualify for an increased floor area ratio up to 4.50:1, allowing up to 10 floors.
o Conditions include:
Increased coverage rate of 60% observed in the first 4 floors
Must ensure comfort for neighboring property users
• Additional Feature: Includes an existing building.
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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